Point72 Asset Management L.P. Invests $1.20 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Point72 Asset Management L.P. purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,082 shares of the company’s stock, valued at approximately $1,196,000.

Several other hedge funds also recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC lifted its holdings in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $65,000. R Squared Ltd purchased a new position in Hamilton Lane during the fourth quarter valued at approximately $213,000. Finally, Aigen Investment Management LP bought a new stake in Hamilton Lane during the 4th quarter worth approximately $221,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

HLNE opened at $161.72 on Thursday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $8.97 billion, a P/E ratio of 29.84 and a beta of 1.31. The stock has a 50-day moving average price of $150.85 and a 200-day moving average price of $159.63. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.21%. Hamilton Lane’s payout ratio is 36.16%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLNE shares. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Wells Fargo & Company reduced their target price on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Morgan Stanley dropped their price target on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $164.14.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.